Bank Of Baku

IMF advices to Azerbaijan to reduce budget deficit in non-oil sector

IMF advices to Azerbaijan to reduce budget deficit in non-oil sector
# 03 November 2010 11:20 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijani state bodies attempt to develop the non-oil sectors and were adviced to reduce the budget deficit in non-oil sector, new report of IMF on Caucasus and Central Asia informed.

According to report reducing of budget deficit in non-oil sector will provide the medium-term stability of tax-budget system and this will be important on forecasted decreasing of oil production in medium-term perspective.
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